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Show UPSWING NOTED IN BNSINESS BY FS NEWSLETTER A general upswing in business activity it thown in many segments of Utah's economy, but a tteady upward movement rather than, a boom it expected in the months ahead. That it the report of Firtt Security Secur-ity Bank! Newsletter which will be distributed this week, Rodney O. Chapman, manager, First Security Bank, Bingham, said Monday. The Newsletter is prepared by EIRoy Nelson, vice president and economist. The Newsletter reports that estimated esti-mated personal income in Utah for the first quarter of 1961 was $460 million, some $13 million ahead of 1960 totals. First Security notes that employment in the state's mis-tile mis-tile industries continues to rise and is now over 10,000. "Anticipated cash receipts from farming in Utah in 1961 will probably pro-bably be slightly below the total of $158 million reported for . I960," the newsletter says. "Despite late March snows the outlook for irrigation irri-gation water is rather dim in many of Utah's irrigated sections." Most of Utah's mineral industries show some improvement for the 1961 outlook, the letter says. By April, industrial production had been increased to levels of a year 030, Nine open hearth furnaces fur-naces are in operation at Geneva, and one of the blast furnaces at Ironton is now in production. Department store sales in major Utah cities after a rather poor early start moved ahead of last year's totals in March, First Security notes. "The construction industry in Utah began the upward swing tome what ahead of the .nation," the newsletter says." Total non-agricultural employment employ-ment by mid-March wat 3,000 or ! 1.2 per cent below I960 levels, I but by April was approximately j equal to last year's. Further im- I provement is anticipatedFirst Security Se-curity observes. " |